Thanks for the replies.
The more i read about it the less appealing it becomes. I'm just looking at all the options available and will be sitting down with a financial advisor before any decisions are made.
I was originally looking at the newbuy scheme because you don't need a 20% loan but will struggle to afford anything around here on my own.
I'm currently sharing a flat with my brother which is £850 a month but he wants to move back in with the parents when the lease is up at the end of May so he can get his finances sorted.
Looks like i might have to join him